Creditors (Dubai World) would refuse to give a deadline for payment of debt

British Guardian newspaper reported on Friday that the creditors of the “Dubai World” will reject the request Emirati group, big government awarded six-month deadline for the payment of debts owed to them owe, threatening to prolong the negotiations on the enormous implications of debt to the group.

The newspaper quoted a source involved in the ongoing negotiations between the group in the UAE and its creditors that “there will be no agreement on the deadline” required of Dubai World to pay its debts.

The newspaper added that the refusal of creditors to give “Dubai World” This deadline will “automatically” to stop the group to pay and thus to “battle” with the creditors on the restructuring of the Government group, which has distanced the Government of Dubai this week by itself, with its emphasis has not declared one day AHA guarantor of these debts.

The value of the debt of Dubai World, which will be restructured $ 26 billion, the group has requested a period of six months to pay off their debts owed.